Tuesday, October 09,2007 04:30 PM  thru  06:30 PM
Tuesday, October 16,2007 04:30 PM  thru  06:30 PM

Approximately 8 miles north of Columbia City on State Road 109 - OR - approximately 3-1/2 miles south of Wolf Lake, IN on State Road 109.

AUCTION HELD ON SITE.

REAL ESTATE

Tract 1: Unique 1710 sq. ft. single story lake home. Home offers 3 bedrooms, living room and kitchen with den. Also has 18x11 patio enclosure and attached 21x19 garage. Features of the home include log interior, wood floor, tongue & groove ceiling and near new 5 well on deep crawl space. 100 of Big Lake frontage. Large approximately 3.4 acre lot with some open ground and some wooded land. Also has channel access to Big Lake. Dont miss this opportunity!

Tract 2: 3 acre swing tract, mostly wooded with large trees. Property as approximately 45 of Big Lake frontage. Tract must be purchased by adjoining landowner or combined with Tract 1 for 6.38 acre large lake lot with home on Big Lake.

Tract 3: .69 acre open lot w/ possible access via channel to Big Lake.

Tract 4: .96 acre open lot with possible access via channel to Big Lake. Purchase separate or combine with Tracts 1, 2 & 3 to form 8 acres of open and wooded land with home on Big Lake with lake frontage with possible channel access. Hard to find this combination.

PERSONAL PROPERTY
Household

Glasses

cups

dishes

pots & pans

Tupperware

Pyrex

microwave

towels

kitchen utensils, silverware

cook books
Shop & Lawn Garden

Hand tools, wrenches, sockets

garden tools

nuts, bolts, repair items

gas cans

Coleman lantern

Burgess bug sprayer

Craftsman shop vac

ladders

Craftsman table saw

come alongs

Lincoln 225 amp welder

Buffalo table grinder

Delta Shop Master saw & scroll saw

floor jacks

hitch inserts

elec. hand tools

weed eater

firewood

(3) push mowers

15 hp Craftsman mower, all wheel steering, 6 spd., 43 mower deck

Hahn tiller

leaf blower

wheel barrow

Craftsman 5 hp 30 gal. air compressor

265-H Toro Wheel Horse garden tractor, 36 deck & front blade

500 gal. LP tank to be removed

live traps

leg hold tarps
Furniture

New leather sofa, oversized chair & ottoman

Lazy Boy recliner

glider rocker

gun cabinet

lamps

desks

storage cabinets

book case

matching queen bed, 5 drawer chest, mirrored dresser, head board, foot board

twin beds

dressers

chester

several pieces patio furniture

oak table w/ (4) chairs

kitchen table

Early nice table, (6) chairs

glass front China & hutch

childs small piano

childs rocker

Gone With the Wind style lamps w/ chip squirrel & deer mounts

curved front cabinet

butcher block style, marble top cabinet

marble top lamp table

Megacycle Radio
Lake Items

1977 8x18 Model C-12 Rivera Cruiser Pontoon w/ Mercury 200 motor

life jackets

rod & reels

several poles

misc. fishing items

fish cages

plastic & wood oars

ski equipment

fish & frog spears

Evinride 7.5 hp out board

Mercury 200 Thunderbolt out board gas can
Miscellaneous

Disney books, video

John Wayne collector plates

costume jewelry

Fenton footed dish

April 10th 1905 souvenir glass

lots of old records

misc. sewing items

lots of new wood flooring

carpet squares

Groen Model NHFP-3 Stainless Steel Braizer cooker, used to cook down maple syrup

syrup buckets

several crocks, jugs

Tonka Trucks

coal bucket

helmets
Guns

50 cal. Thompson Center Fire Renegade w/ scope

Stevens Model 73 Savage 22 single shot

Marlin Model 56-22 w/ Tasco Scope Variable 3x9 lever action w/ clip

Harrington & Richardson 20 gauge, 3 Topper Model 158

Harrington & Richardson Topper Model 88, 3 full choke, 20 gauge

misc. ammo & shot gun shells

misc. cleaning supplies

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations, and the total property may compete.
DOWN PAYMENT: $5,000 down payment on Tract 1 and 10% down payment on Tracts 2, 3, & 4 on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. Seller reserves the right to accept or reject any and all bids.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession will be at closing, immediately following the closing.
REAL ESTATE TAXES: Real estate taxes will be prorated to day of closing.
SURVEY: A new perimeter survey will be at the Sellers option if a new survey is needed for sufficient title. If a survey is needed, the seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
Terms on Personal Property: Cash or Check with proper I.D. Not responsible for accidents.